Infollion Research Services Limited IPO Detail
Incorporated in 2009, "Infollion Research Services Limited" is a tech-oriented marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals.
In this highly dynamic and ever-evolving world, Infollion is providing a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes
The client base of Infollion Research includes top-tier Global Management Consulting firms, Hedge funds, Private Equity funds, and mid-tier Corporates.
knowledge seekers and knowledge providers can connect through Phone calls, Personal advisors, On-site Workshops, Knowledge Tours, Consultants, SOW-employees, and so on.
Company Promoters
IPO Details
| IPO Opening Date | May 29, 2023 |
| IPO Closing Date | May 31, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 - 82 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹21.45 Cr |
| Fresh Issue | 2,224,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 392,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Portion | 35.05% |
IPO Tentative Timetable
The Infollion Research Services Limited IPO open date is May 29, 2023, and the close date is May 31, 2023. The issue may list on Jun 08, 2023.
| IPO Open Date | May 29, 2023 |
| IPO Close Date | May 31, 2023 |
| Basis of Allotment Date | Jun 05, 2023 |
| Initiation of Refunds | Jun 06, 2023 |
| Credit of Shares to Demat Account | Jun 07, 2023 |
| IPO Listing Date | Jun 08, 2023 |
IPO Lot Size
The Infollion Research Services Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹131200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹131200 |
| Maximum | 1 | 1600 | ₹131200 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 848.74 | 1606.46 | 207.65 |
| 31-Mar-22 | 1181.32 | 2220.13 | 340.66 |
| 31-Mar-23 | 1800.55 | 3529.92 | 557.92 |
Objects of the Issue:
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
- Expansion of current service line in the US and Western European regions
- Pex-Panel- Adding new categories of freelancers
- Technology Development
- General Corporate Purposes
Infollion Research Services Limited IPO Registrar:
Link Intime India Private Ltd
Infollion Research Services Limited IPO Lead Manager(s):
Holani Consultants Private Limited
Company Contact Information:
Infollion Research Services Limited
80/28, Malviya Nagar
New Delhi
New Delhi
